Is it good to buy two-wheeler loan?
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Is it good to buy two-wheeler loan?
100\% on-road price: When you take a personal loan to buy a new two-wheeler, you can enjoy 100\% financing of the on-road price! This is a great boon as most lenders offer only up to 80\% of financing. This way, you do not have to worry about making down-payments for your loan.
Do banks finance motorcycles?
Motorcycle loans: Motorcycle loans are specialty loans offered by some banks, credit unions, and online lenders. Depending on the lender, they can be secured or unsecured, but unsecured loans tend to have higher interest rates than secured ones.
How can I buy a bike on EMI in India?
How to buy a bike on instalment?
- Check eligibility. If you already have a bike model in mind, then you need to start by checking if you are eligible for a Two-Wheeler Loan.
- Calculate EMI. The next step is to calculate the EMI or the equated monthly instalments.
- Apply for loan. Now you are all set.
Is it hard to finance a motorcycle?
Motorcycle financing with us is really a pretty simple process with high loan approval rates. If you have bad credit or no credit, most new or used motorcycle dealers will mae it seem nearly impossible to get you approved for financing.
What are the benefits of Bajaj Auto Finance two-wheeler loan?
Here are some of the top benefits of choosing a Bajaj Auto Finance two-wheeler loan: You can get up to 100\% of the bike’s value as a loan, making it easier to own a bike if you can not afford to make the initial down payment. The two-wheeler loan interest rates start from as low as 7.25\%. You can choose an interest rate based on your needs.
How do I find the interest rate for a two-wheeler loan?
You can find out the interest rate for the two-wheeler loan by visiting the bank website, or by contacting the bank, or on the BankBazaar website as well. Should I know my CIBIL score to use the two-wheeler loan EMI calculator?
Why two-wheeler loan EMI calculator is the best option?
Two-wheeler loan EMI calculators are very beneficial as they help one in planning their loan expenses extensively. A two-wheeler loan EMI calculator is a user-friendly online tool that can be utilized by anybody without any specialized knowledge.
Is finfinancing available for used 2-wheelers?
Financing is available for new 2-wheelers and used 2-wheelers. Repayment period of up to 5 years. Note: The figures in the table above have been calculated based on a principal amount of Rs.1,00,000, an interest rate of 7.35\% p.a., and a tenure of 5 years. The processing fee percentage has also been factored into the EMI calculation.